GROUPAMA / 2020 UNIVERSAL REGISTRATION DOCUMENT

7 FINANCIAL STATEMENTS Consolidated financial statements and notes

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

7.1.6

SUMMARY Significant events and post-balance sheet events 1

154

Consolidation principles, methods and scope 2

155

Accounting principles and valuation methods used 3

158

Notes to the financial statements 4

169

Note 1

Technical liabilities related to financial Note 26 contracts

Segment reporting

169

217

Goodwill Note 2

172

Change in actuarial reserves for life Note 27

Other intangible assets Note 3

174

insurance policies and financial contracts – by operating segment

218

Investment property excluding Note 4 unit-linked investments

176

Deferred profit sharing liabilities Note 28

219

Operating property Note 5

178

Debts arising from insurance or inward Note 29 reinsurance transactions Debts arising from outward reinsurance Note 30 transactions Current taxes payable and other tax Note 31 liabilities

219

Financial investments (excluding Note 6 unit-linked items) Investments representing commitments Note 7 in unit-linked investments Asset and liability derivative instruments Note 8 and separate embedded derivatives Uses and sources of funds for financial Note 9 sector business activities Investments in related companies Note 10 and joint ventures

180

219

193

220

194

IFRS 16 lease liabilities Note 32

220

Other debt Note 33

221

195

Analysis of premium income Note 34

223

Investment income net of management Note 35 expenses

196

225

Share of outward reinsurers and Note 11

Outward reinsurance income (expenses) Note 37

retrocessionaires in liabilities related to insurance policies and financial contracts

230

197

Operating expenses Note 38

231

Other property plant and equipment Note 12

198

Policy acquisition costs Note 39

233

Deferred acquisition costs Note 13

199

Administrative costs Note 40

234

Deferred taxes Note 14

200

Other income and expenses Note 41 from current operations Other income and expenses Note 42 from non-current operations

Receivables from insurance or inward Note 15 reinsurance transactions Receivables from outward reinsurance Note 16 transactions

235

201

235

202

Financing expenses Note 43

236

Risk of reinsurer insolvency Note 17

202

Breakdown of tax expenses Note 44

236

Current tax receivables and other tax Note 18 receivables

Related parties Note 45

237

203

Employees of consolidated companies Note 46

245

Other receivables Note 19

204

Commitments given and received Note 47

245

Cash and cash equivalents Note 20

205

Risk factors and sensitivity analyses Note 48

246

Group's equity, minority interests Note 21

206

Fees of the statutory auditors Note 49

262

Contingent liabilities Note 22

207

List of entities in the scope of consolidation Note 50 and major changes to the scope of consolidation

Information pertaining to personnel benefits Note 23 – defined-benefit plans

208

263

Financing debt Note 24

211

Technical liabilities related to insurance Note 25 policies

212

153

Universal Registration Document 2020 - GROUPAMA ASSURANCES MUTUELLES